All ado about nothing-S&P 500
S&P ended year 2011 flat. On 31st December 2010,it was at 1257.64. On 31st December 2011, it was 1257.60.
Despite of all the worrying events of european sovereign debt crisis, america’s fiscal debt, the index remained flat after ups and downs throughout the year. Although, the components of the index switched places as some grew while others shrank in market capitalisation, one who invest in index fund/ETF need not have bothered about this and can sleep soundly through the commotion.
Wonder will next year be the same, with ups and downs but ending almost flat again?
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